Global Molecular Diagnostics Market Size and Forecast

The Molecular Diagnostics market size was valued at US$ 25.17 Bn. in 2023 and is projected to reach US$ 40.12 Bn. by 2030, growing at a CAGR of 7.14% during the forecast period.

Market Overview

This study aims to provide a comprehensive analysis of the Molecular Diagnostics market segmented by component, application, industry, and geography. It delves into the primary factors driving the market's growth and offers an in-depth analysis of the market's value chain.

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Market Scope

The research methodology used to assess and forecast the Molecular Diagnostics market begins with secondary research that gathers revenue data from key suppliers. Vendor offerings are considered when calculating market segmentation. The total size of the Molecular Diagnostics market was estimated using the bottom-up method, based on the revenue of major enterprises.

Drivers

The report also discusses the major restraints and drivers impacting the Molecular Diagnostics market.

Segmentation

For detailed segmentation

by Product & Service

Reagents & Kits
Instruments
Services & Software

by Test Type

Lab Tests
PoC Tests

by Technology

Polymerase Chain Reaction (PCR)
Isothermal Nucleic Acid Amplification Technology (INAAT)
DNA Sequencing & Next- generation Sequencing (NGS)
In Situ Hybridization (ISH)
DNA Microarrays
Other Technologies

by Application

Infectious Diseases Diagnostics
Oncology Testing
Genetic Testing
Other Test Types

by End User

Diagnostic Laboratories
Hospitals & Clinics
Other

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Key Players

The major players covered in the Molecular Diagnostics market report are: 

North America:
1. Abbott Laboratories, Illinois, United States
2. Danaher Corporation, Washington, United States
3. Quest Diagnostics, New Jersey, United States
4. Hologic, Inc., Massachusetts, United States
5. Thermo Fisher Scientific, Massachusetts, United States

Europe:
1. bioMérieux, Lyon, France
2. Roche Diagnostics, Basel, Switzerland
3. Siemens Healthineers, Erlangen, Germany
4. QIAGEN, Hilden, Germany

Asia-Pacific:
1. Sysmex Corporation, Kobe, Japan
2. BGI Group, Shenzhen, China
3. Biocon, Bangalore, India
4. Mylab Discovery Solutions, Pune, India
5. Trivitron Healthcare, Chennai, India
6. XCyton Diagnostics, Bangalore, India
7. HLL Lifecare Limited, Thiruvananthapuram, India

Regional Analysis

Market share statistics are available for regions including Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Analysts at Maximize evaluate competitive strengths and conduct individual competitor analysis for each market participant.

COVID-19 Impact Analysis on Molecular Diagnostics Market

The COVID-19 pandemic has affected various industries, including aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. The pandemic has had a significant impact on the Molecular Diagnostics market, influencing growth rates in 2019-2020. Our latest research, insights, and recommendations are crucial for businesses in the Molecular Diagnostics industry navigating the COVID-19 crisis, helping them manage risk and digitize operations to provide trusted information and insights to CEOs.

Key Questions Answered in the Molecular Diagnostics Market Report

  • Which segment captured the largest share in the Molecular Diagnostics market?
  • What was the competitive scenario of the Molecular Diagnostics market in 2020?
  • What are the key factors driving the growth of the Molecular Diagnostics market?
  • Which region held the maximum share in the Molecular Diagnostics market in 2020?

About Maximize Market Research

Maximize Market Research is a multifaceted market research and consulting firm with experts from various industries. Our coverage includes medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. We offer market-verified industry estimations, technical trend analysis, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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